We investigate the intergenerational welfare implications of Generational Accounting when it is used as the basis of intertemporal fiscal policy decisions. In particular, we consider an economy with a PAYGO social security system out of steady state due to a permanent fall in fertility.
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Length: 14 pages Date of creation: 1997 Date of revision: Handle: RePEc:fth:bereco:164
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Find related papers by JEL classification: H53 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Welfare Programs I30 - Health, Education, and Welfare - - Welfare and Poverty - - - General
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